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Daily demand for a product is 100 units, with a standard deviation of 35 units. The...

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General Management

Daily demand for a product is 100 units, with a standarddeviation of 35 units. The review period is 10 days and the leadtime is 5 days. At the time of review there are 40 units instock.

If 95 percent service probability is desired, how many unitsshould be ordered? (Use Excel's NORMSINV() function to findthe correct critical value for the given ?-level. Do notround intermediate calculations. Round "z" value to 2decimal places and final answer to the nearest wholenumber.)

Ordered Quantity- __________

Answer & Explanation Solved by verified expert
4.1 Ratings (670 Votes)
Given valuesDaily demand d 100 unitsStandard deviation d 35 unitsTime between orders T 10 daysLead time L 5    See Answer
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